SHANGHAI, Aug 30 (Reuters) - General Motors [GM.UL] said on Sunday it has agreed to set up a 50-50 light commercial vehicle joint venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).
The venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement. ($1=6.830 Yuan) (Reporting by Fang Yan and Edmund Klamann)